Coal leader Peabody files for bankruptcy
Peabody Energy Corp. said Wednesday it’s the latest coal industry leader to face sector-wide pressures and seek U.S. bankruptcy protection. “This was a difficult decision, but it is the right Continue Reading
CSX Revenue Falls 14% as Coal Shipments Continue to Drop
CSX earnings have been hurt by the drop in coal shipments. CSX Corp. CSX 1.88 % on Tuesday reported revenue fell in the first quarter, as the volume of coal Continue Reading
US weekly coal production estimates dip to new low for the year:
Weekly US coal production totaled an estimated 11 million st in the week ended April 2, down 5.4% from the prior week’s estimate and down 37.9% from the year-ago week, Continue Reading
Coal price hopes fade amid reality of slowing Asia demand: Russell
Coal’s bright start to the year in Asia is fading amid the gloom of weak demand across the region’s top importers and still too much supply from top producers. The Continue Reading
Rapid decline of coal use leads to drop in UK emissions
Plummeting coal use in 2015 led to a fall of 4% in the UK’s annual carbon dioxide emissions, according to government energy statistics published on Thursday. Coal is now burning Continue Reading
New Coal Plants Rise in 2015 Despite Falling Consumption
Old coal plants are increasingly lying dormant, yet new ones keep getting built, according to a new report. The analysis by CoalSwarm, which includes researchers from Greenpeace and the Sierra Continue Reading
Chinese coal data may contain irregularities, study finds
Chinese proclamations on coal consumption and the corresponding decline in carbon emissions may be off the mark, a journal study found. A recent report from the Brookings Institution stated coal Continue Reading
Alpha Seeks to Sever Labor Agreement, Cut Retiree Benefits
Alpha Natural Resources Inc. is asking a bankruptcy judge to let it slash retiree benefits and tear up existing labor agreements with its mine workers union, warning that its survival Continue Reading
Report Ties Coal Plants to Water Shortage in Northern China
Across the country, coal-fired power plants consume 7.4 billion cubic meters of water each year, enough to meet the basic needs of about 30 percent of the nation’s population. Credit Continue Reading
Chinese February thermal coal imports lowest since April 2011
China imported 5.06 million mt of thermal coal in February, down 13.6% on the year and 13.2% below January to the lowest monthly volume since April 2011, according to data Continue Reading